Business, 16.01.2020 02:31 aashya16

For each of the items listed below, identify the appropriate financial statement element.1. obligation to transfer cash or other resources as a result of a past transaction. 2. dividends paid by a corporation to its shareholders. 3. inflow of an asset from providing a good or service. 4. the financial position of a company. 5. increase in equity during a period from no owner transactions.6. increase in equity from peripheral or incidental transaction. 7. sale of an asset used in the operations of a business for less than the asset%u2019s book value. 8. the owners%u2019 residual interest in the assets of a company. 9. an item owned by the company representing probable future benefits. 10. revenues plus gains less expenses and losses.11. an owner%u2019s contribution of cash to a corporation in exchange for ownership shares of stock.12. outflow of an asset related to the production of revenue.

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For each of the items listed below, identify the appropriate financial statement element.1. obligati...

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